Posts

Stake SWAP.HIVE:SIM LP to earn extra rewards from dCity

avatar of @nervi
25
@nervi
·
·
0 views
·
2 min read

You probably associate all those DeFi programs where for staking LP tokens you get rewards in the form of various tokens. I have great news, a similar mechanism has recently joined to the NFT game dCity!

Technically it is on the Hive Engine but we all admit that we associate SWAP.HIVE and especially SIM with the dCity game. So you ask what we can get for participating in the SWAP.HIVE:SIM pool. Currently there are prizes of SIM tokens and BEE to be shared. Depending on the percentage of shares we have in the total pool, the higher the reward will be. Rewards are sent automatically to our Hive Engine wallet every day.

We can add liquidity using Tribal DEX or directly on the game page in the Swap tab.

What do we gain by adding our assets to the liquidity pool? First of all, the aforementioned rewards. The other important aspect is that we often get a better rate when swapping SWAP.HIVE:SIM in this way than if we wanted to sell or buy SIM on Hive Engine and I think everyone prefers to save or get more for the same amount.

Another big change is that the SIM that is in the LP pool counts towards our overall SIM Power. However, it continues to work on such a 30 day average basis. This way we don't have the conundrum of whether to take part in the pool or leave our SIM idle. I think that under current conditions the former option is much better.

Personally, I am very positive about all these changes, I have been in the SWAP.HIVE:SIM pool for a few days and I do not intend to give it up. Everything is going in a really cool direction. If you are interested in more technical issues such as the number of rewards per month or what bonuses we are entitled to, check out the official @dcitygame post, where you can find a description of the whole action. And if you have any doubts, join official discord!

If this article has interested you in any way, please leave an upvote or comment, thank you.

Thank you and until the next time, Nervi.

Posted Using LeoFinance Beta